Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. September delivery up 0.22% to Rs 255.60/kg. Demand from industries supports price increase.
New Delhi, Aug 11 (PTI) Aluminium prices on Monday rose 55 paise to Rs 255.60 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in September increased 55 paise or 0.22 per cent to Rs 255.60 per kg in 508 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium for delivery in September increased 55 paise or 0.22 per cent to Rs 255.60 per kg in 508 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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